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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POLAND
- USDPLN ticks higher this morning after finding support at 4.2940 yesterday; ST resistance to watch on the topside stands at 4.40. On the downside, support to watch below 4.2940 stands at 4.2470.
- GBPPLN ticks higher this morning after finding a local low at 5.6570 yesterday; ST resistance to watch on the topside stands at 5.80. On the downside, next support to watch below 5.6570 stands at 5.60.
- PLNJPY ticks lower this morning after finding resistance slightly below the 27 level; a break above that level would have opened the door for a move up to 27.15. On the downside, key ST support to watch stands at 26.
- CZKPLN ticks higher this morning, currently trading at 0.19, which corresponds to the high of the LT upward trending channel (pre Russia/Ukraine war). Resistance to watch on the topside stands at 0.1915. On the downside, ST support stands at 0.1880, followed by 0.1866 (50DMA).
- PLNHUF has been oscillating around the 79 level since the start of the month, ranging between its 200DMA (78.29) and the 80 resistance. Next support to watch below 78.29 stands at 78. On the topside, resistance to watch above 80 stands at 80.67.
- EURPLN ticks higher this morning after finding support at 4.7420, which corresponds to the 50% retracement of the 4.4830 – 5.00 range. The pair is current trading above the 4.8030 level (38.2% Fibo); next resistance to watch on the topside stands at 4.85. On the downside, first support stands at 4.7710, followed by 4.7420. (chart below).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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